Searches And Hires
The city is looking for a consultant for its defined benefit, deferred compensation and operating funds.
The city is seeking portfolio management services for approximately $100 million in operating and capital funds.
The plan added $560 million in recent commitments across private equity, infrastructure and real estate.
The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
The plans previously worked with Corebridge Financial.
The authority is seeking a firm to manage its $2.2 billion portfolio.
The plans conducted a similar search for the services in 2020.
The pension fund concluded its investment consultant search last month.
The board recently approved real estate commitments and increased previously made private equity commitments.
The state deferred compensation fund’s current stable value manager handles $8.3 billion.